KUALA LUMPUR: Malaysia has learnt from the Sulu issue and addressed third-party litigation funding in the newly passed Arbitration Bill 2024 (Act 646), said Minister in the Prime Minister’s Department (Law and Institutional Reform) Datuk Seri Azalina Othman Said.
Among the new provisions in Act 646 is that a third-party funding agreement by the funded party must be disclosed to the other party to the arbitration, the arbitral tribunal, and the court, said Azalina.
